Japanese telecom gaint Softbank recorded a loss of $350 million for last nine months of 2016 in the fair value of the Company’s investments in India. The loss comes on top of a $555 million writedown on the value of Softbank’s India portfolio in the six-month period ending September 2016. “With reference to the current markdown, portfolio…
By: Dylan Bushell-Embling/telecomasia
China Telecom has reported a 17.4% spike in 2013 profit to 17.54 billion yuan ($2.83 billion), on the back of strong mobile gains.
Revenue grew 13.6% to 283.18 billion yuan, with mobile revenues up 28.3% to 117.83 billion yuan.
The company added 25 million mobile subscribers during the year, to take its mobile customer base to 186 million. China Telecom’s 3G customer base increased by around 34 million – making up for declines in 2G – and the total 3G base crested 100 million.
Wireline revenue increased by a more modest 3.1% to 170.4 billion yuan, with wired broadband revenue up 6% to 70.8 billion yuan.
Fixed broadband subscribers increased by 10 million to 100 million. FTTH accounted for 27 million of these connections – a subscriber growth increase of over 70%.
The company’s annual report addresses future plans for its LTE rollout, including the goal of rolling out a hybrid TDD/FDD LTE network once FDD LTE licenses are available. It states that China Telecom will pursue this rollout “with regard to government policy.” Original Post at telecomasia